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Binance, FTX To Dominate Bitcoin Futures in 2022, But DEXes Also Gaining Ground – Report
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The major cryptocurrency exchange Binance will continue to dominate the bitcoin (BTC) futures market in 2022, with competition from FTX heating up. At the same time, more stringent regulations mean all centralized exchanges will be challenged by decentralized alternatives in the new year, crypto researcher Arcane Research has predicted.
Activity in the market for bitcoin futures trading has undoubtedly been dominated by Binance over the past year, Arcane Research wrote in a new report. The exchange, which originally started as a spot-only exchange, was the largest bitcoin futures exchange by open interest for 308 days out of the 360 days covered, the report said, while also showing that the trend in market share has been up for Binance
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